Deputy Minister of Finance Thomas Nyarko Ampem revealed that the federal government has disbursed 85% of the 2026 finances authorised by the Ministry of Meals and Agriculture to speed up meals manufacturing, strengthen agricultural industrialization and enhance meals safety.
Talking on the launch of the Ghana Nationwide Settlement on Agriculture and Financial Transformation, Meals Safety and Employment (AGRICONNECT Compact) in Accra, Hon Nyarko Ampem mentioned the announcement demonstrated the federal government’s dedication to reworking agriculture into a serious driver of financial development and job creation.
“I’m happy to verify that we’ve launched GH¢1.677 billion, representing 85% of the Ministry of Meals and Agriculture’s authorised 2026 items and companies finances and CAPEX,” he mentioned.
He mentioned the funds are being invested in interventions aimed toward enhancing productiveness, mechanization, irrigation and agricultural worth chains.
He mentioned 581.4 million gained shall be allotted for the institution of fifty farmer service facilities to help mechanization and enhance productiveness, whereas 110 million gained shall be invested in irrigation infrastructure initiatives.
As well as, Grin 515.3 million was allotted to provide farmers with fertilizer and authorized seeds, Grin 244.9 million to the farm-to-fork venture, generally often known as Nkoko Nkitinkithi, and Grin 200 million to the Nationwide Meals Buffer Firm to enhance the distribution and commerce of agricultural merchandise.
My lord. Nyarko Anpem careworn that agriculture stays central to Ghana’s financial transformation agenda, noting that Ghana can’t proceed to spend billions of {dollars} yearly on importing meals merchandise that may be produced domestically.
He mentioned the federal government was decided to maneuver agriculture “from subsistence to scale, from manufacturing to productiveness and from farming to agribusiness.”
He defined that the intervention is a part of a broader fiscal technique to reposition agriculture as a commercially viable sector that may create employment alternatives for younger folks.
He mentioned the federal government was coordinating precedence worth chain initiatives and finances allocation to make sure measurable manufacturing volumes, scale back import dependence and enhance rural incomes.
“We’re not desirous about approving budgets on paper. The main target now’s on enforcement, affect and accountability. Agriculture has to pay, and agriculture has to pay sustainably for farmers and the financial system,” he mentioned.
My lord. Nyarko Ampem additional disclosed that the Ministry of Finance is working with the Ministry of Meals and Agriculture to strengthen monitoring and analysis programs to make sure compliance with implementation schedules and efficiency targets.
He added {that a} digital monitoring system has been put in place to observe the disbursement and utilization of agricultural funds, particularly on the district degree, to extend transparency and scale back leakages.
The occasion introduced collectively policymakers, growth companions, agribusiness leaders, and farmer-based organizations to debate methods to advance meals safety and financial transformation.
